Does Debt Consolidation Make Sense?
If you are like most Americans, your mail box is filled with offers for credit cards, mortgage refinancing and home equity loans. Many of those offers stress the benefits of moving existing balances to the new lenders. While that may sound appealing, especially if the new loan offers an attractive initial interest rate, it is important to consider all the factors associated with debt consolidation.
Benefits of a Good Credit Report
A solid credit history can be one of your most useful and powerful financial assets. A record of prudent credit use and prompt payments can enable you to not only qualify for credit when you need it, but it may also enable you to get a lower interest rate on your borrowing.
IRAs for Teens
IRAs for Teens Few teenagers think much about retirement but funding an Individual Retirement Account may be one of the best financial steps they will ever take. The reasons are simple – taxes and time.